A double chance soccer bet is one of the most popular sports betting markets, and bestsoccertips.com will explain everything you need to know about placing a double chance bet. So, what exactly is a double chance bet? With this type of bet, you wager money on two possible outcomes of an event. Here in this helpful guide, bestsoccertips.com will break down how that type of bet works in sports betting.
What is double chance in soccer betting?
The term double chance is one of the many terms unique to sports betting. To minimize the risk when betting on the winner, this type of bet is a safer option. If you’re undecided, you might opt for a double chance bet instead of choosing between the winner or loser.
A double chance bet offers three options. You can bet on:
- The home team to win or draw;
- The away team to win or draw; or
- Either the home or away team to win.
This type of bet isn’t limited to football matches. You can find this option in some other sports events as well. The double chance market is specifically for sports where a draw is a possible outcome.
Meaning of Double Chance 1X
A double chance 1X bet simply means betting on the home team to win or draw in the match. If you believe the home team will win due to their current advantage but the away team will put up a good fight, then this is the bet for you.
Whether or not you should support the home team depends on how well they have performed at home in their recent matches.
For example: in a match between Chelsea and Brentford, you could use the double chance 1X option, especially if you believe the home team Chelsea will win the match. If the match ends in a draw, you still win the bet.
Meaning of Double Chance X2
When you choose to bet on the double chance X2, essentially you are saying that you think the away team will win or draw. In other words, the away team might be in good form and highly rated to win the match.
However, there is a possibility that the home team will have a superior defense and a significant advantage from playing at home. In this case, if the away team doesn’t win, they can at least secure a draw. It’s best to compare the teams to see which one is stronger or has a higher chance of winning.
For example: if there’s a match between Tottenham and Manchester City and you choose to bet X2. That means you believe Manchester City will win. If that doesn’t happen, your bet still wins if the match ends in a draw.
Meaning of Double Chance 12
Double chance 12 is a bet you place when you’re not certain about the final score but are confident that there won’t be a draw. Either team, whether playing at home or away, could come out on top.
In this scenario, you might believe that the strengths of both teams are fairly evenly matched. For this type of bet, one team usually wins and the other loses regardless of the sport. If you choose this type of bet, you have to consider how both teams have performed in their recent head-to-head matchups by using match statistics.
Advantages and Disadvantages of Double Chance Betting
Double chance soccer bet appeals to both seasoned gamblers and newcomers because it allows them to bet on two possible outcomes. To help you decide whether double chance betting is suitable for you, let’s consider the advantages and drawbacks of this type of betting market.
Advantages
- Better odds: There’s not much to learn with these types of bets. Betting on the winning team only involves one of three possible outcomes. To have better odds, you can opt for double chance betting.
- Lower risk: With this type of bet, you eliminate one of the possible outcomes. If you bet that the home team will win but they end up losing or drawing, you might lose the bet. However, this type of bet minimizes the risk for you.
- Beginner-friendly: If you’re new to sports betting or online gambling, it’s best to start with safer bets. For this reason, newcomers can try double chance betting, allowing them to reduce the likelihood of losses.
- Supports underdogs: Consider double chance betting if you don’t want to bet on weaker teams. Because you can still come out on top even if the weaker team you bet on doesn’t win.
- Both outcomes win: With double chance betting, you get paid if either of the two outcomes occurs, unlike other markets. This betting market has a distinct advantage over the draw no bet option.
Example: In the draw no bet market, if you bet on a team to win, you’ll only get back your initial stake if the match ends in a draw. However, if you bet on double chance, you’ll receive potential winnings regardless of whether the match ends in a win or a draw.
Disadvantages
Lower odds: The only drawback is that the odds will be lower compared to when you bet on the outright winner of the match. This can be anticipated because the odds you offer reflect your actual chances of success. The fact that your odds are lower means you have a better chance of withdrawing your money.
A good strategy for double chance betting involves
Researching recent matches of the teams, paying special attention to how they’ve performed against each other. This will help you determine which of the two possibilities is more likely to occur.
- Here are some useful strategies and tips to consider when betting: Add more games to your bet slip: Adding more selections to your bet slip will automatically increase the odds for any double chance soccer bet you place. Typically, the odds are lower for double chance bets.
- Study game statistics: It’s not uncommon for some teams to only win or draw in their matches. You need to study the statistics before making a decision. Look for teams that are performing better or worse than their current position in the standings. These teams are often difficult to beat. This way, you can find good betting odds on them.
- Choose your games: You can use double chance betting to support strong teams. If you don’t like accumulator bets, you’ll need to place more bets. If you want to be successful in betting, you should set a betting budget and stick to it. Also, remember that higher betting amounts entail higher risks of losses. Play responsibly.
- Take advantage of bonuses: You can find reliable bookmakers offering bonuses. When you sign up for an account, you may receive a bonus if you meet all the requirements. Bonuses can be used to cover all types of bets, depending on the terms of the promotional program.
How is Double Chance Betting Calculated?
In any game with a Moneyline market, you can place a double chance bet (1×2). When two teams face off in a match, the team with the higher score during the match will win. Bettors often choose double chance options when betting on soccer matches. Additionally, in basketball, you can place double chance bets for halves or the overall outcome of the match.
Before placing a bet, you should check the odds and use a betting calculator to determine your potential profit.
To illustrate how the sports betting market works, we will use two examples of double chance betting and provide advice on how to place such bets.
Example 1:
Let’s say in the English Premier League, Arsenal is playing against Watford. Despite Arsenal being clearly the higher-rated team, you can’t help but think that the underdog might take the lead. However, you’re not 100% confident in the away team’s victory, so you place a double chance bet for a draw or a win for Watford (2X).
Fortunately for you, the game unfolds just as you expected. Watford puts up a solid defense, but no goals are scored, resulting in a draw.
- Match: Arsenal – Watford.
- Your bet: X2.
- Odds: 1.30.
- Final score: Arsenal 0-0 Watford.
Because you placed a double chance bet for the Away Win/Draw option, you win your bet.
Example 2:
Suppose recent double chance odds have encouraged you to bet on another Watford match. However, this time Manchester City will be visiting Watford. So, if you’re backing Watford to win or draw, you’ll get good odds because the home team is the underdog.
- Match: Watford vs Manchester City.
- Your bet: X1.
- Odds: 1.25.
- Score: Watford 1-2 Manchester City.
Despite the odds favoring the home team this time, Watford couldn’t secure a win. Your double chance bet loses because the away team wins.
Frequently Asked Questions about Double Chance Betting
Does double chance betting include extra time?
- No. This betting market does not apply to extra time. The result is determined within the official playing time.
Can I combine double chance betting with other types of bets?
- Yes, you can use this type of bet along with any other type of bet. There are no rules against combining different betting options on your bet slip.
What are the benefits of double chance betting?
- These bets are among the safest you can find online. They entail less risk.
Does double chance mean win or draw?
- Double chance betting is when you bet two in one. You can bet on the home team to win or draw (1X), the away team to win or draw (2X), or whichever team wins the match (12).
Conclusion
In conclusion, double chance betting offers a versatile and relatively safe option for sports bettors. It allows them to bet on two out of three possible outcomes, significantly reducing the risk compared to traditional single outcome bets. Double chance betting can be combined with other types of bets, providing flexibility and potential for strategic betting approaches. While it may offer lower odds compared to single outcome bets, its inherent risk mitigation makes it an attractive option for both seasoned and novice bettors alike. Overall, double chance betting provides an effective way to diversify betting strategies and enhance the overall sports betting experience.
See more: Over under betting explained – How does over under bet work
